*Problem No. 9 Mr. Subhas a small trader provides you the following details about his business. Particulars 01-04-2015 31-03-2016 Debtors Creditors Computer 10% Govt. Bonds Bank Overdraft Motor Van Furniture Stock Cash in hand Bills Receivable 45,000 60,000 60,000 --- 90,000 90,000 10,000 65,000 12,000 60,000 50,000 70,000 1,20,000 10,000 50,000 90,000 10,000 80,000 18,000 80,000 Additional Information; 1) On 1 st October, 2015 he withdrew cash 20,000 and Goods worth Rs 20000for his persoal use. 2) Charge interest on drawing 2,000. 3) He had also withdrawn 30,000 for Rent of his residential flat. 4) Depreciate furniture by 10% & write off 2,000 from motor van. 5) 10% Government Bonds were purchased on 1 st October, 2015. 6)...
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*Problem No. 7 Mr. Arun provide following information for his business under Single Entry System. Particulars 01-04-2015 31-03-2016 Land Furniture Stock in Trade Debtors Creditors Bank Loan @ 15% p.a. Bank 12000 3,000 3,100 1,600 1,500 2,200 200 cr. 14,000 4,000 4,100 2,100 1,400 2,200 1,800 Additional Information: 1) He spent 2,500 for house hold expenses from his business. 2) He received a gift of 1,500 from his friend which he inveted into the business as on 1 st october, 2015. 3) Additional to the Furniture were made on 31 st March, 2016, depreciation Furniture by 10% p.a. 4) 100 are Bad & provide 5% R.D.D. on Debtors. 5) Interes...
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*Problem No. 5 Mr. Sharad has not kept proper books of Account following information is provided to you. Particulars 31-03-2015 31-03-2016 Machinery Furniture Debtors Creditors Stock Outstanding Expenses Prepaid Expenses Cash in Hand Cash at Bank 70,000 50,000 18,000 18,000 30,000 1,500 --- 3,000 5,000 70,000 30,000 25,000 20,000 42,000 --- 500 5,000 15,000 Additional information: 1) Mr. Sharad has introduced additional capital as on 1 st October, 2015 by selling her personal car 10,000. 2) She paid her daughter’s Collages fees from business Bank account 3,000. 3) Depreciate Machinery by 5% p.a. 4) Provoide 2...